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20121001
20121009
Search Results 0 to 7 of about 8 (some duplicates have been removed)
entitlement that they didn't pay for. and then they added a $1 trillion tax cut for the very wealthy on top of that. now, they -- those are the facts. the end result of all that was by the time we were elected they had in eight years doubled the national debt, that clock, doubled it and in addition to that they had the slowest job, private job growth since world war ii under this policy. and by the time the president sat down behind that famous desk the resolute in noble office within a week of sitting down our economists told us mr. president you're going to have to deal with a $1 trillion debt this year because there's nothing you can do about it. the budget was passed back october. and so ladies and gentlemen so much for their credibility on the debt, but what did it produce for us? it produced the great recession all these things they did in doubling national debt and these massive tax cuts that absolutely eviscerated the middle class. they say we urgently want to deal with it now. basically i think my opponent says something like, you know, i don't know, he said something about he was
debate. we're going to do that here, but i do want to begin with talking taxes. yes. taxes. did you hear paul ryan, if i heard this correctly, if i heard paul ryan correctly, he said he cannot explain mitt romney's tax policy, at least not the whole thing because, well, it would take too long. we'll play some of that sound for you in a moment. romney and ryan, they are clear about this. that they would cut everyone's tax rate 20%. cut and dry, 20% rate cut. but, to protect the government's revenue stream, they would have to kill certain deductions and certain loopholes, but they won't be specific, won't say which ones those would be. here is congressman ryan, he starts by trumpeting the tax rate cut. >> lowering tax rates by broadening the tax base works. and you can -- >> but i have to -- >> no. >> but you haven't given me the math. i don't have the -- it would ta me too long to go through all the math. >> too long to go through the math, he says. but ryan did go on to hint, didn't promise, but he hinted that a romney administration would look at tax loopholes enjoyed by the wealthy. he
going to cut income tax rates by 20% to make up the difference by eliminating deductions in credit. is he going to get into some of these details here about how this is all going to shake out? anna, start with you. >> you know, suzanne, i don't know how much time is loued in the debate to go into real detail of a plan. certainly you can't go into detail about 59 points, but dow hope he chooses two, three, four points to really focus on, make the sale. this is his strength. it should be something that he is able to sell well. more than four million jobs have been added back into the economy since he took office. you got growth. it's been stuck at 1%, which really is pretty disastrous for a recovery. what does he have to say to convince voters that, you know what, stick with me, stick with my plan? >> well, first of all, i don't think 90 minutes is long enough for mitt romney to explain his 59-point plan. or if i can figure out if it adds up and not add up to the federal deficit. i think president obama needs to make his points very clear and concise and not try to give us too many s
than usually taxing. some have called it the term of the century. >> reporter: now three months later the court is back. there are no signs of it cooling down. >> the justices are moving from the frying pan right into the fire. they are tackling some of the most difficult legal questions of the day. across the board probably the biggest term in at least a decade. >> reporter: cases involving the contentious issues of affirmative action, same-sex marriage, voting rights and abortion are all likely to come up this term which kicks off monday. >> there's some very exciting cases already on the docket. there's a lot more in the pipeline that may -- the courts could be making a decision on soon. >> reporter: another set of big decisions will bring even more scrutiny on the chief justice. rumors surfaced that the health care ruling he authored caused a personal rift with fellow conservative colleagues including justice antonin scalia. >> no. i haven't had a falling out with justice roberts. >> no words exchanged? >> no. >> slamming of doors? >> no. nothing like that. >> reporter: the other
Search Results 0 to 7 of about 8 (some duplicates have been removed)

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